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Is Obama Working to Recall Wisconsin Republicans?

Red County

How’s this for states’ rights?

Yesterday, Wisconsin Senate Majority Leader Scott Fitzgerald said in a radio interview that President Obama’s political team is directly involved in burgeoning efforts to recall Republican elected officials (emphasis on the word “elected,” as in chosen by the people of Wisconsin in a democratic vote four months ago):

“There’s many people that are beginning to believe this is a delay tactic by the Democrats in the Senate so that these recall elections can be organized by the Obama team out of Chicago, which they are, as we start to do the research on the people that have filed the petition,” Fitzgerald told Newsradio 620 WTMJ’s “Wisconsin’s Morning News.”

When asked whether Fitzgerald knew that for a fact, he responded, “The organizer against (River Hills Republican Senator) Alberta Darling definitely has direct links to the Obama camp.  There’s no doubt about it.  These guys might be out until June.  Unfortunately, what they’re trying to do is flip the majority, and I think that’s becoming very evident.”

This is yet another coup for the state of Illinois. The Senate Democrat caucus has been vacationing in the state for 18 days, providing some much-needed stimulus to the Quinn Economy. Now it has surfaced that they will pay Obama’s Chicago team to organize a recall effort.

The President’s message to the American people is simple: I don’t care about balancing the federal budget. I don’t care what the voters had to say in November. I will spend money to depose of elected officials I don’t like. Because Big Labor told me to.

 

San Diego Tea Party

Trump Sends Investigators to Hawaii, “Where’s the birth certificate”

 

WASHINGTON — Real estatetycoon Donald Trump said Thursday he has real doubts about whether President Obama was born in the United States and has sent investigators to Hawaii looking for answers.

The “Celebrity Apprentice” star has shot up in the polls as a potential GOP nominee, in part on his questions about whether Obama is constitutionally allowed to be president if he doesn’t prove he is a natural born citizen of the United States.

“I have people that actually have been studying it and they cannot believe what they’re finding,” Trump told NBC’s “Today” show on Thursday.

Officials in Hawaii have certified Obama’s citizenship, but a segment of society — labeled “birthers” in the vernacular — have demanded additional proof. Trump said when he started seriously considering a presidential bid a few weeks back, he thought the president was native-born, but now he’s not so sure.

“His grandmother in Kenya said he was born in Kenya, and she was there and witnessed the birth. He doesn’t have a birth certificate or he hasn’t shown it. He has what’s called a certificate of live birth. That is something that’s easy to get,” Trump said, arguing that Obama has spent $2 million in legal fees “to get away from this issue.”

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Glenn Beck to Leave Fox News Program

Updated: Glenn Beck is out at Fox News Channel.

Beck’s Mercury Radio Arts and FNC have reached a deal which will see Beck  “transition off of his daily program” later in 2011.

Beck’s much-reported troubles with the advertising community are believed to play a role in the decision.

Nonetheless, News Corp. CEO Rupert Murdoch has on a few occasions defended Beck and his program from advertiser issues, including in a call with shareholders last year:

One wanted to know how long Fox News would “subsidize” the show, which is “filled with house ads.”

“It’s not subsidizing the show at all,” Murdoch fired back, adding that the theatrical Beck gives “a terrific kickoff” to the Fox News evening lineup.

Of course, advertisers like Goldline are not paying the same CPMs that FNC’s other major advertisers were paying, so eventually something would have to give.

As Beck’s ratings have declined over the last year, the economics became even dicier. He may have the number three show in cable news, but without strong advertiser support, it is hard to be sustainable long term.

The deal also includes a production and development deal, which will have Beck and FNC  “work together to develop and produce a variety of television projects for air on the FOX News Channel (FNC) as well as content for other platforms including FOX News’ digital properties.”

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Our Unaccountable Fed

Not having a real budget means the Federal Reserve doesn’t have to compete with anyone for scarce resources. What the central bank needs is a little money competition.

By SEAN FIELER AND JEFFREY BELL

‘I will maintain to my deathbed that we made every effort to save Lehman, but we were just unable to do so because of a lack of legal authority.” So said Federal Reserve Chairman Ben Bernanke in 2009. The statement was striking—not because it was false, but because the Fed lacked explicit legal authority to do so much of what it did during the financial crisis. Drawing the line at Lehman seemed arbitrary, and it proved that the Fed has become an unaccountable power within American government.

Mr. Bernanke’s insistence that the Fed is restrained by some obscure statute is central to his argument that the Fed is a body subject to the check of external forces. But it’s not. The principal check on its power is the self-restraint of its chairman, a point proven by the Lehman example: Had Mr. Bernanke saved Lehman, who would have enforced the statute that he had violated? No one. That’s because the Fed, as currently configured, has no opposing force to rein it in.

In the beginning, it was not so. When the Fed was created in 1913, the gold standard limited its power as did the balance between the 12 reserve banks across the country and the Federal Reserve Board in Washington. Lawmakers thought that the reserve banks would represent regional economic interests in tension with the national political agenda of the board in Washington. Moreover, the Federal Reserve Act imposed a hard constraint on the Fed’s balance sheet: 40% of the Fed’s notes had to be backed by gold. Finally, the Fed’s charter was temporary, lasting only 20 years before requiring congressional reauthorization.

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Obama plans Excuse tour to “explain” high gas prices

White House officials are scheduling two more out-of-town trips this week to showcase the President’s energy strategy, possibly marking an uptick in concern about the political impact of rising gas prices.

The Wednesday trip to Philadelphia and the Friday trip to Indianapolis will allow President Obama to continue “speaking directly with Americans about his long-term plan to protect consumers against rising oil prices and decrease oil imports,” said press secretary Jay Carney.

The events and focus are needed because “when gas hits the $4 a gallon mark, voters get

really upset [even though] they don’t understand that the President can’t change gas prices,” said Kenneth Green, a scholar at the American Enterprise Institute, a free-market think-tank in D.C. Also, he added, officials are using the “the high price of gasoline to advance a anti-fossil fuel agenda.”

In recent weeks, the President has sharply increased promotion of his energy policy, using a P.R. blueprint that is now standard in the White House. For example, on March 30, the president delivered an address at Georgetown University where he redefined the political problem of high-gas prices as a history of unstable oil-prices. He then offered a compromise policy that would set prices between too-cheap and too-expensive, cut oil-imports by one-third, and emphasized that government experts – including Energy Secretary Steven Chu, who has a Nobel science prize – are already working hand-in-hand with high-tech companies

There was nothing new in the address, because the president had already explained his energy strategy back on March 11. However, his Mar. 11 pitch had minimal impact because the television-worthy Japanese earthquake and Libyan war sucked up all the media’s attention.

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March Madness: U.S. Gov’t Spent More Than Eight Times Its Monthly Revenue

Monday, April 04, 2011

Erskine Bowles

Erskine Bowles, co-chairman of the National Commission on Fiscal Responsbility with his co-chair former Sen. Alan Simpson (R.-Wyo.) (AP photo/Alex Brandon)

(CNSNews.com) – The U.S. Treasury has released a final statement for the month of March that demonstrates that financial madness has gripped the federal government.

During the month, according to the Treasury, the federal government grossed $194 billion in tax revenue and paid out $65.898 billion in tax refunds (including $62.011 to individuals and $3.887 to businesses) thus netting $128.179 billion in tax revenue for March.

At the same, the Treasury paid out a total of $1.1187 trillion. When the $65.898 billion in tax refunds is deducted from that, the Treasury paid a net of $1.0528 trillion in federal expenses for March.

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Al-Qaeda exploits Libya situation to get arms: official

Al-Qaeda has allegedly acquired surface-to-air missiles in Libya (File)

Al-Qaeda has allegedly acquired surface-to-air missiles in Libya

That small, shoulder-fire launcher will take out any commercial airliner

This is not good for domestic airline travel

ALGIERS (Reuters) 

Al-Qaeda is exploiting the conflict in Libya to acquire weapons, including surface-to-air missiles, and smuggle them to a stronghold in northern Mali, a senior security official in neighboring Algeria told Reuters.

Western governments have demanded that Libyan leader Muammar Gaddafi step down after his forces cracked down on a revolt against his rule, but some governments in the region are nervous that al-Qaeda could step into a power vacuum.

Algeria, which has been fighting al-Qaeda’s north African wing for

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Fed’s Low Interest Rates Crack Retirees’ Nest Eggs

PORT CHARLOTTE, Fla.—Forrest Yeager, a 91-year-old resident of this seaside community, had been counting on his retirement savings to last until he died. The odds are moving against him.

 

NESTEGG_3

Jason Henry for The Wall Street Journal

Jim and Eileen Keller have $200,000 remaining and fear they will eventually have to rely solely on Social Security.

gold nest egg

With short-term bank CDs paying less than 1%, the World War II veteran expects his remaining $45,000 stash to yield just a few hundred dollars this year. So, he’s digging deeper into his principal to supplement his $1,500 monthly income from Social Security and a small pension.

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